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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lagrange at 1351 New Franklin Rd, Lagrange, GA, 30240 priced at $975,000 pairs $1,607/mo rent with after a $4,772/mo payment. Total monthly income equals $1,607/mo. Return on cash invested is 3.87% in year one, and rental yield stands at 1.98% on a $975,000 basis. Equity gained on principal adds $6,292/yr, and 5% annual appreciation accumulates to $269,375 by year five. Five-year ROI measures 16.69% and total cumulative return in cash reaches $53,535. For financing, Ziffy Mortgage’s DSCR program evaluates $1,607/mo property income against a $4,772/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1975
18 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30240, Lagrange, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,883 (100%) |
| Owner Occupied HU | 7,086 (55.0%) |
| Renter Occupied HU | 4,593 (35.7%) |
| Vacant Housing Units | 1,204 ( 9.3%) |
| Median Home Value | $288,373 |
| Average Home Value | $340,239 |
Residential
12,356
Single Family
11,092
Multi-Family
1,264
Businesses
1,054
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Listed for sale | $975,000 |
| 2023-10-30 | Listing removed | $975,000 |
| 2023-10-16 | Listed for sale | $975,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-15 | $5968.42 | 47.97% | $218,840 | 51.43% |
| 2022-11-15 | $4033.56 | 15.33% | $144,520 | 24.63% |
| 2021-11-15 | $3497.36 | N/A | $115,960 | N/A |
Listed by: Kaley D. Hebert • Southern Classic Realtors
Mls Name: GAMLS
Mls Provider:
Mls ID: #10386600
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
